article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

Competition at the domestic and international markets. Large aerospace companies (Boeing, Airbus, Lockheed Martin, and more) hold a significant market share, which poses additional challenges for smaller players in terms of their competitiveness on the market. . Step 2: Identifying risks . Step 3: Analyzing risks.

article thumbnail

The Ultimate Guide to Manufacturing Project Management: Best Practices and Strategies

Epicflow

Uncertainty There are various sources of uncertainty in manufacturing: inflation, ongoing supply chain challenges, geopolitical tensions, changing market demands, and even the latest technology adoption. In addition, the tool allows for material resources’ management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

There are several classifications for risk categories in project management. technical risk (technology, requirements, interfaces, etc.); . external risk (customer, supplier, market, etc.); . organizational risk (resources, budget, logistics, etc.); . and project management risk (planning, scheduling, etc.). .

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. So, what do you need for an efficient risk analysis?

article thumbnail

Make “Fairness by Design” Part of Machine Learning

Harvard Business

Machine learning is increasingly being used to predict individuals’ attitudes, behaviors, and preferences across an array of applications — from personalized marketing to precision medicine. ” A chatbot trained using Twitter was shut down after only a single day because of its obscene and inflammatory tweets.

Data 31